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Other Real Estate Investments
 12 Months Ended
Dec. 31, 2021
Investments, All Other Investments [Abstract]  
Other Real Estate Investments OTHER REAL ESTATE INVESTMENTS
As of December 31, 2021 and 2020, the Company’s loans receivable and other investments consisted of the following (dollar amounts in thousands):
As of December 31, 2021
InvestmentFinancial Statement Line ItemPrincipal Balance as of December 31, 2021Book Value as of December 31, 2021Book Value as of December 31, 2020Weighted Average Contractual Interest RateMaturity Date
Mezzanine loan receivableOther real estate investments$15,000 $15,155 $15,000 12.0 %11/30/2025
Other loans receivablePrepaid expenses and other assets, net3,154 3,161 2,308 8.0 %9/1/2023 - 12/31/2023
Total$18,154 $18,316 $17,308 
2020 Loans Receivable Transactions—In November 2020, the Company provided Next VA Star Realty Holdings, LLC a mezzanine loan for nine skilled nursing facilities secured by membership interests in affiliates of Next VA Star Realty Holdings, LLC for approximately $15.0 million, at an annual interest rate of 12%. The loan requires monthly interest payments, is set to mature on November 30, 2025, and may (subject to certain restrictions) be prepaid before the maturity date if paid in full and for an exit fee ranging from 1% to 3% of the loan plus unpaid interest payments equal to 24 months (less the amount of monthly interest payments made by the borrower through the date of prepayment).
The following table summarizes the interest and other income recognized during the years ended December 31, 2021, 2020 and 2019 (dollar amounts in thousands):
For Year Ended December 31,
Investment202120202019
Mezzanine loan receivable$1,825 $305 $— 
Mortgage loans receivable(1)
— 2,044 2,838 
Preferred equity investments(1)
— 24 1,343 
Other331 270 164 
Total$2,156 $2,643 $4,345 
(1) As of December 31, 2021 and 2020, the Company had no mortgage loans receivable or preferred equity investments.
As of December 31, 2021 and 2020, the Company had no loan loss reserve and did not consider any loans receivable investments to be impaired.